Illinoisans pay the nation’s second-highest gas taxes behind California thanks to Gov. J.B. Pritzker’s automatic gas tax hikes. Illinois motorists faced two hikes in 2023.
While most Cook County residents have seen property taxes rise, the suburbs saw the biggest hikes during the past 20 years. Chicago homeowners and business owners are feeling less tax pain than their suburban peers.
Chicago’s residential property taxes between 2020 and 2021 were pretty volatile. Don’t be happy about a big drop, though, because it might mean your home isn’t worth as much.
The typical concertgoer will pay an extra $35 for their general admission ticket to Lollapalooza, thanks to the city’s amusment tax. A platinum pass will cost visitors more than the price of a standard ticket in taxes alone.
The Illinois Supreme Court ruled ending cash bail is constitutional. What does that mean for Illinois? It means ready or not, the system changes Sept. 18.
Illinois state and local pension debt now tallies $218 billion with both debt to GDP and funding ratios the worst in the nation, according to a new Equable Institute report.
Chicago can’t afford to wait on immediate crime reduction efforts – the city needs a plan. Unfortunately, no concrete details have emerged on how the new administration plans to address public safety, the No. 1 issue on Chicagoans’ minds. Here are nine steps Chicago officials could take to begin curbing crime today.
Chicago Mayor Brandon Johnson and progressive allies said the city can find fiscal flexibility by taxing big business. The city is already home to the second-highest commercial property taxes in the nation.
Illinoisans face the second gas tax hike of 2023 on July 1. The 3.1 cent hike doesn’t need lawmaker approval, thanks to state leaders implementing automatic gas tax hikes.
The typical racing fan will pay an extra $22 for general admission to Chicago’s NASCAR “Street Race Weekend” thanks to the city’s amusement tax. Luxury seating could cost residents more than the price of a standard ticket in taxes alone.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.